A menu-driven module designed to maintain policy and rider information, plus all other data required to produce reinsurance premium and reserve listings for the outward cession of individual life insurance policies.
maintenance of policy and rider information for premium and reserve calculations
maintenance of tables for such user options as adjustment codes, plan codes, and treaty arrangements
storage of rates and other participation details by effective dates to minimize data storage and recording
interface with any direct policy administration system to provide automatic update of reinsurance details
calculation of premiums for yearly renewable term insurance, quota share, universal life, and payroll deduction policies